I am still a learner and am experimenting with various strategies. All over the internet, we come across several posts highlighting the perils of day trading. However, if you ask me, with the right set of strategies we can literally start minting money. I am saying this out of my personal experiences.

There are certain pointers which I wish to jot down (and which I think will be beneficial to novice day traders).

1) There are people who make money and people who lose money day trading. This has been occurring ever since the inception of day trading techniques. Our intention must be to stay on the safer side – to make money.

2) Start day trading with a single scrip. I started off with SBIN (State Bank of India). Right now I trade exclusively with TATA Motors. In this journey I have come across many who try to trade with numerous scrips at the same time. According to me that is a fundamental mistake which novice traders make. If you have the right strategy, then you can mint money using the same scrip repeatedly – everyday!

3) The thing about day trading is to conserve your hard-earned savings. I have seen people investing 50,000 to 1,00,000 on the market to day trade – only to lose it at the end. Always remember that money exchanged within the stock exchange doesn’t evaporate. It just flows from one bank account to the other.

4) Develop your own strategies and try to stick with it. My trading system is entirely different from the usual arrangements that you may come across. For instance, I do not use any charting software suites. Charts are mere representations of numbers. Stock exchange is all about these numbers.

5) The market has a certain geometry which it follows duly every trading day. Some say that the market is random. And that we cannot predict anything off it. If you ask me, you must learn the geometry of the numbers to stay successful in the market.

More is yet to come in the subsequent days. Stay tuned as I will begin posting the daily intra day trading levels for TATA Motors.